Bank of America Merrill Lynch Broadens Access to Crypto Funds
Bank of America has joined other large institutions in expanding access to cryptocurrencies, with the wirehouse allowing Merrill Lynch advisors to include certain crypto exchange-traded products in client portfolios.
As of Jan. 5, Merrill Lynch advisors can recommend four crypto ETPs, including the Bitwise Bitcoin ETF, Grayscale Bitcoin Mini Trust, the Fidelity Wise Origin Bitcoin Fund, and the iShares Bitcoin Trust. These ETPs will be covered by Merrill’s chief investment office.
In addition, the firm will provide an implementation and asset allocation guidance paper and new training for advisors, which will be required to participate.
The products will be available in traditional brokerage accounts, certain fee-based accounts and…
